30 March 2017
My client is doing embroidery business.He takes material from his customer and do embroidery on that through his workers and then raise bill for embroidery charges.Is this a profession or business ? Can I take the benefit of ITR 4S with 8% profit or should I have to pay 50% of turnover as tax If i file return under form No. 4S ? Kindly suggest.
31 March 2017
Treat it as business and file ITR 4s with 8% profit.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
31 March 2017
But in F.Y. 2015-16 his TDS has been deducted under section 194J for professional charges.So now I have to claim that TDS. So, Can i still file that 4S return with 8% profit ?